Vietnam’s coffee exports exceeded the US$5 billion mark for the first time in the 2023-2024 crop year that lasted from October 1, 2023 to September 30, 2024.

In a significant boost to Vietnam's sustainable coffee industry, the Dutch Fund for Climate and Development (DFCD) has awarded a non-refundable aid package of EUR575,000 (US$630,786) to Phuc Sinh Corp to support its Environmental, Social, and Governance (ESG) initiatives in the coffee production, processing and export chain.

The export value of Vietnamese coffee to Canada reached over US$4.4 million in the first quarter of 2024, up 12.2% compared to the same period last year.

VOV.VN - Vietnam raked in more than US$3 billion from exporting 862,400 tonnes of coffee between the beginning of the year and mid-June, with Germany emerging as the largest importer, according to data from the General Department of Vietnam Customs.

VOV.VN - A coffee booth introducing various kinds of Vietnamese coffee has been set up at the Saigon Exhibition and Convention Center where the Vietnam International Sourcing 2024 is getting underway from June to 8.

Vietnamese coffee exports to the Spanish market reached approximately 55,380 tonnes in the first four months of this year, worth US$193.1 million, an increase of 53.7% in volume and 136.6% in value compared to the same period last year.

A number of Israeli importers have participated in exhibitions in Vietnam to seek contracts with local suppliers, according to the Federation of Israeli Chambers of Commerce (FICC).

VOV.VN - With Vietnamese coffee accounting for only 2.2% of the market share in Singapore, there are sanguine prospects ahead for the product to further make inroads into the demanding market moving forward, according to the Vietnam Trade Office in Singapore.

The prices of Vietnamese coffee and pepper are forecast to continue increasing due to limited supply while the export of these products has also enjoyed relative growth, according to insiders.

New records have continuously been set in the prices of coffee in Central Highlands localities recently, now standing at over VND90,000 (US$3.65) per kilo.